Tuesday, January 11, 2011

There's Idiots In Illinois

The fine people in Illinois are about to be rewarded for electing people who don't know how to balance a checkbook; their income taxes are almost going to double. Yes, the state that taught Barack Obama how to be fiscally disciplined is "swimming in debt". But wait, you may ask, how does raising taxes help to stem a problem where politicians outspent income? Won't this incourage politicians to keep spending, knowing that they can always raise taxes? No, these geniuses have thought of that.
Legislative leaders agreed to impose strict caps on spending. If spending grows more than 2 percent a year, the income tax increase would immediately be canceled, officials said.

See, so if politicians spend too much then...taxes go down...so the debt will...wait...the debt is higher and taxes go down so...OK, these people are morons.

p.s. And as always, please Chicagoans, don't move to another state. You made the mess, now live with it.

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